if i have a S$1m in cash
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If I have S$1m in cash, I would move to Indonesia, so I will become a billionaire with about 6.4 billion rupiahs there
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I will put it in the bank as foreign currency FD. In the mean time, look for other options and weigh the pros and cons before I show hand that $1mil.
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Imami:
I will put it in the bank as foreign currency FD. In the mean time, look for other options and weigh the pros and cons before I show hand that $1mil.
seriously foreign currency FD ? it will depreciate in no time and whatever interest arbitrage you get will not be enough to compensate the exchange loss
go read about 'interest rate parity' -
verykiasu2010:
Is it? You are an investment expert but I am not. So you must know better.... Ok, then what shd I do while i decide... :sad: (ha, day dream also very serious).Imami:
I will put it in the bank as foreign currency FD. In the mean time, look for other options and weigh the pros and cons before I show hand that $1mil.
seriously foreign currency FD ? it will depreciate in no time and whatever interest arbitrage you get will not be enough to compensate the exchange loss
go read about 'interest rate parity' -
Imami:
Is it? You are an investment expert but I am not. So you must know better.... Ok, then what shd I do while i decide... :sad: (ha, day dream also very serious).[/quote]i am no expert but you should google and read what is meant by interest rate parity before losing money in forex deposits...there is no free lunch, and there is no arbitrage .... equilibrium will be reached in no time in internet age where everyone will get updated info quicklyverykiasu2010:
[quote=\"Imami\"]I will put it in the bank as foreign currency FD. In the mean time, look for other options and weigh the pros and cons before I show hand that $1mil.
seriously foreign currency FD ? it will depreciate in no time and whatever interest arbitrage you get will not be enough to compensate the exchange loss
go read about 'interest rate parity' -
$1 million?! I think everyone here at some point have tot abt this…But in sg, 1 million also like nothing like that. U need millions to really be a millionaire. My life wouldn’t change much, I will still go to work. But I will park all the money and collect money from the interest rate given. So each month, got more money to live while having the 1 million as rainy day fund.
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kooky83:
$1 million?! I think everyone here at some point have tot abt this..But in sg, 1 million also like nothing like that. U need millions to really be a millionaire. My life wouldn't change much, I will still go to work. But I will park all the money and collect money from the http://www.dbs.com/sg/personal/loans/default.aspx given. So each month, got more money to live while having the 1 million as rainy day fund.
what is the interest rate quoted ? and what is the inflation rate ?
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